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As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc's 27 member ...
On 24 July 2024, Volodymyr Zelenskyy and the Ukrainian government decided to impose sanctions on Lukoil, Russia's largest private oil firm. The sanctions were aimed at reducing Russia's oil revenue, which Ukraine reported was important in funding the ongoing Russian invasion of Ukraine. This move halted oil transit across the nation.
(Bloomberg) -- European Union efforts to approve a partial ban on Russian oil imports hit an obstacle after Hungary raised new or already rejected demands, further slowing a push to clinch a deal ...
Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US sanctions on Russia's oil and gas sector, Hungarian Foreign Minister ...
Over the period when the Minsk Accords were in play, the EU sanctions also involved visa bans and freeze of assets of more than 150 individuals and more than 40 entities involved in these operations. [266] [267] [268] The EU sanctions have been continuously extended with increasing severity and are in force as of 2023. [269] [270]
BUDAPEST (Reuters) -Hungary's foreign minister said on Saturday the European Commission's decision not to mediate in a dispute over a blockage of oil supplies from Russia via Ukraine into his ...
Hungary, which had recently signed a long-term contract with Russia, had objected to the principle of the price cap, according they were given freedom, without notification to, or consent from, the EU to keep or modify their current contract with Russia. [18] Hungary's contract is for 4.5 bcm per annum and there is a price cap of €150 per ...
Hungary, Russia's closest EU ally. The European Union failed on Friday to agree a 14th package of sanctions against Russia, EU diplomats said, as Germany held out over the extent to which EU ...